1467 Highway 384Lake CharlesLA70607
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Lake Charles at 1467 Highway 384, Lake Charles, LA, 70607 uses $140,888 cash to close to unlock $8,022/yr annual cash flow and $669/mo monthly cash flow. Total monthly income runs $3,301/mo, and a $2,080/mo payment keeps the spread at $669/mo. Purchase price stands at $425,000, and rental yield measures 9.32% with $3,301/mo rent. Return on cash invested shows 25.6% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 133.39% and total cumulative return in cash records $187,937. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,301/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1994
2.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70607, Lake Charles, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,715 (100%) |
| Owner Occupied HU | 7,343 (49.9%) |
| Renter Occupied HU | 5,394 (36.7%) |
| Vacant Housing Units | 1,978 (13.4%) |
| Median Home Value | $221,040 |
| Average Home Value | $240,880 |
Housing Distribution
Address Breakdown
Residential
13,327
Single Family
10,207
Multi-Family
3,120
Businesses
532
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Listed by: Morgan Denman • Coldwell Banker Ingle Safari Realty
Mls Name: SWLAR
Mls ID: #SWL25100430